German property investor IVG Immobilien said on Wednesday it has recently sold property in Berlin, Munich and Paris for more than EUR 140 mln. In a statement, IVG said the deals involve cash and debt, and that the cash amount has already been received.
German property investor IVG Immobilien said on Wednesday it has recently sold property in Berlin, Munich and Paris for more than EUR 140 mln. In a statement, IVG said the deals involve cash and debt, and that the cash amount has already been received.
The property in Paris provides rental space of around 6,100 m2 and is located on Avenue de Friedland in the 8th arrondissement of Paris, near the Champs-Elysées. It is almost fully let and was bought by a property fund (Spezialfonds) managed by IVG Institutional Funds.
The property in Berlin is an office building on the Klingelhöferstrasse (Tiergarten), which is let over the long term to KPMG. The buyer is a German private investor. The Munich property is fully let and was acquired from a German private investor.
